Constant Upskilling of Employees is the Prime Requisite for 21st Century Business Organisations
March 19, 2020
Technology has swept everything in its way, and this growing penetration of technology has made the business world assume a completely new shape and identity. Most of the business operations today run with the aid of technological tools and techniques. It is this infiltration of technology in the mainstream corporate landscape that has made the skill revision of employees an absolutely essential aspect.
Up-skilling is not only about hiring a new set of employees equipped with the relevant knowledge to run the show effectively. It also includes providing training to the existing workforce composed of people from different layers of society and generations. What is required is to unify the skills on a platform so that every person in the workforce can become skilled as per the demand of the day.
Since the innovations in the technological field never go under a gestation, it has to be kept in mind that the supporting up-skilling process should also remain seamless. Here are some of the aspects that make continuous up-gradation of skills of the workforce a compulsion for every business house.
To adapt to the technological progressions
Technological change has probably been the strongest reason that has made up-skilling of the existing workforce a compulsion. The last few decades have witnessed some revolutionary changes in the technological field, which have changed the dimensions and modalities of business operations altogether. The change has been so drastic and all-pervading that it is often regarded as the fourth industrial revolution. From automation to data handling, cloud computing, IoT, robotics and many other applications, technology has changed the entire perception of the business world and its operations.
Even the day to day works are now done deploying the tools and techniques of advanced technology. However, the fact remains that no matter how strong the technology becomes, it does need a skilled workforce to draw the maximum benefits of technological innovations. Hence, it is imperative that the current workforce gets adapted to the latest ideas and methods by upskilling themselves and, in turn, help to ensure optimum output and smooth business operations.
To thrive in the digital age
No business today can think of surviving the competition without having a skilled workforce, and particularly the managerial crowd, capable of handling the latest digital tools and techniques. Be it marketing or financial analysis, the digital platform has become essential for every kind of work today. Hence, it has become more of a necessity for businesses today to make sure that their employees possess enough updated knowledge of working with digital platforms. The global market, too, has adopted the digital integration of business processes, which has made up-skilling a must to continue business transactions beyond the borders. Therefore, even if not from scratch, at least a revision in the skill level of the employees is required from the foundation level.
To fit in the rapidly changing global work environment
As far as the future prospects are concerned, technology will continue to have its hold on the business world in the coming future, and the degree of dominance will reach its apex in another 2-3 years. Hence, the best time to get your workforce updated to balance this rapid change is now. The global economy is rapidly marching towards complete adoption of technology-driven methods which makes up-skilling of employees a necessity today. Regardless of the scale of operation, every business organisation will naturally be a part of this revolution in due course of time, and hence, the enterprises should keep their workforce ready to get blended with the changing work environment.
As per research, it has been found that organisations that invest in employee training programmes witness up to 218% higher income per employee. Besides, such businesses also register as much as 24% higher profit margin than those who do not spend on the upskilling of their employees. It is here that arrives the role of the HRD of a business organisation. With their impeccable choice of employees and continuous training sessions extended to the existing employees to upgrade their skill set, HRD is regarded as the growth driver of a company. It is hence extremely important that particularly the HR employees in any organisation are constantly upgraded in terms of their skills and knowledge, as it is these professionals who shoulder the responsibility of building the workforce for the company.
Keeping this fact in mind, XLRI Jamshedpur has devised its Executive Development Programme in Human Resource Development. If you belong to the HR domain and wish to upgrade yourself as per the latest industry demands, this HR Courses for Working Professionals from XLRI Jamshedpur would serve for you as the perfect platform to acquire time-relevant HRD skills. Live projects, industrial experiences, general discussion, and many more progressive methods make this certificate programme in human resources a ‘must-attend’ for HR professionals looking to upskill themselves. Register for the programme today at Times TSW, the authorised delivery partners for XLRI Jamshedpur’s executive development programme in HR, and take your skills several notches up to thrive and succeed in the changing business environment.